Tue Dec 17 04:17:19 UTC 2024: ## Mobikwik IPO OverSubscribed, Allotment Status Available

**Mumbai, India – December 16, 2023** – The highly anticipated Mobikwik initial public offering (IPO), which closed on December 13th, has been significantly oversubscribed, receiving bids worth over Rs 39,500 crore – more than 125 times the issue size of Rs 572 crore. The allotment status is now available for investors to check.

Investors can access their allotment status through two main channels: the registrar’s website, Link Intime India (instructions provided on how to check via their website), and the National Stock Exchange of India (NSE) website (https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp). Both methods require providing details such as PAN number, application number, or client ID.

Those allotted shares will see a confirmation; those not allotted will see a “not allotted” message. Refunds for unsuccessful applicants will begin on December 17th, with shares credited to successful applicants’ Demat accounts on the same day. Trading of Mobikwik shares in the secondary market is expected to commence on December 18th.

The IPO was priced between Rs 265 and Rs 279 per share. Geojit Financial Services gave the IPO a “Subscribe” rating, citing the company’s strong brand, diversified offerings, and promising industry outlook. The grey market indicated a strong debut, with shares trading at a 59% premium.

This news comes amid fluctuating gold and silver prices, which have dropped over 1% due to a lack of global market triggers. Investors are currently focused on upcoming interest rate decisions by the Federal Open Market Committee (FOMC) and the Bank of England.

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